Gamma-Dynacare Announces Agreement to Acquire Central Medical Laboratories
Gamma-Dynacare Medical Laboratories announced today that it has entered into a definitive agreement to acquire Central Medical Laboratories, Manitoba’s largest private provider of community laboratory services. [read more]
Gamma-Dynacare Medical Laboratories announced today that it has entered into a definitive agreement to acquire Central Medical Laboratories, Manitoba’s largest private provider of community laboratory services. The transaction is expected to close December 1, 2008.
“We welcome this opportunity to significantly enhance our operational presence in Manitoba, where we provide reference laboratory services to a number of hospitals and occupational testing services for corporate clients,” said Naseem Somani, Chief Executive Officer, Gamma-Dynacare Medical Laboratories. “Central Medical Laboratories is a leader in the Manitoba laboratory services sector, with a long history of active involvement in the Manitoba medical community and a very clear focus on supporting excellent patient care. The company brings to Gamma-Dynacare well-established facilities and resources with which to serve our growing client base in Western Canada.”
Founded in 1959, Central Medical Laboratories currently supports several hundred health care providers throughout Manitoba with specimen collection, transportation, testing and results reporting services. Central Medical’s operations include an 8,000-square-foot main laboratory and specimen collection centres in Winnipeg.
Gamma-Dynacare will provide employment to all Central Medical Laboratory employees. In addition, Mr. Gary Waldman, current President of Central Medical Laboratories, will remain with the company in Winnipeg under a consulting agreement with Gamma-Dynacare.
“I am excited by the opportunity for our organization to join Gamma-Dynacare – one of Canada’s largest and most respected providers of laboratory services and solutions,” said Gary Waldman, President, Central Medical Laboratories. “This agreement represents an excellent opportunity to take our organization to the next level through our association with a proven and innovative industry leader. It’s great news for the people of Manitoba.”
“We share with Central Medical Laboratories the common goal of delivering exemplary laboratory services of the highest quality to Manitoba healthcare providers and patients,” said Ms. Somani. “Central Medical’s experience, knowledge and client relationships in the province provide an excellent foundation for future growth. We look forward to combining our respective strengths to expand the range of technologies and services available to Manitobans and make a valued contribution to the province’s health care system.”
About Gamma-Dynacare Medical Laboratories
Gamma-Dynacare is one of Canada’s largest and most respected providers of laboratory services and solutions, with more than 40 years of experience serving Canadians. Headquartered in Brampton, Ontario, Gamma-Dynacare operates four laboratories in Ontario (Brampton, London, Ottawa and Windsor), one in Montreal, Quebec, and an extensive network of more than 150 specimen collection centres nationwide, including 11 in Saskatchewan where Gamma-Dynacare provides specimen collection and transportation services on behalf of regional health authorities. Gamma-Dynacare’s 1,900 skilled and dedicated employees perform millions of tests each year, playing a key role in the treatment of patients and the prevention and diagnosis of disease. By living our mission of “Caring for People”, we positively impact the health and wellness of people across Canada and are a valuable contributor to the betterment of the overall healthcare system. Gamma-Dynacare is proud to have been named one of Canada’s Top 100 Employers and one of the Greater Toronto Area’s Top 75 Employers for 2009. For more information, please visit www.gamma-dynacare.com
About Central Medical Laboratories
A private company founded in 1959, Central Medical Laboratories currently supports several hundred health care providers throughout Manitoba with specimen collection, transportation, testing and results reporting services. The company offers a comprehensive testing menu spanning the medical laboratory disciplines of chemistry, hematology, microbiology, immunology and pathology. Central Medical Laboratories operates an 8,000-square-foot main laboratory and a network of specimen collection centres in Winnipeg – the centre of Manitoba’s world class network of life sciences research facilities, biotechnology companies and educational institutions.
For more information, contact: Shelley Jourard, Director of Communications, Gamma-Dynacare Medical Laboratories, (905) 790-3515 or 1-800-790-3515, ext. 5377; Gary Waldman, President, Central Medical Laboratories, (204) 944-0757.
News Release re Acquisition of Central Medical Laboratories, Nov 28, 2008 [PDF]
[collapse]